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Economic Theme Press Conference | Improving the combination effect of macroeconomic policies The National Development and Reform Commission focuses on four "intensification"
2025-05-05 source:

The Third Session of the 14th National People's Congress held an economic theme press conference today (6th), and the heads of relevant departments answered questions from Chinese and foreign reporters on issues such as development and reform, fiscal budget, business, financial securities, etc.

Zheng Shanjie, director of the National Development and Reform Commission, introduced that from the perspective of implementing the situation, ten specific work arrangements have been put forward in the plan report submitted to the Two Sessions. The four aspects that are more concerned about in all aspects are summarized as four "strength":

·The first "strength" is to better combine promoting consumption with benefiting people's livelihood, and to increase efforts to boost residents' consumption. For example, the work of ex-new consumer goods started last year, and this year it increased from 150 billion to 300 billion. The entire volume doubled, the volume increased, and the scope of support further expanded. For example, to adapt to the needs of multi-level and diversified consumption, we will also encourage all aspects to create and innovate and enrich consumption scenarios. There will be a plan to boost consumption in the near future, which will be announced and implemented soon.

·The second "strength" is to better combine filling in shortcomings and increasing momentum, and to increase efforts to expand effective investment. In terms of government investment, such as super-long-term special treasury bonds and local government special bonds, including budget investment, these three parts alone have a total of about 5 trillion yuan. In this process, we will pay more attention to improving investment efficiency and do a good and practical thing to lay the foundation and establish long-term good and practical things. In terms of private investment, last year we introduced private capital to fully participate in the construction of major nuclear power infrastructure. Last year, we also launched more than 8,000 major projects to private capital, with very good results. This year, we will also support private enterprises in investment layout in emerging industries and future industries, and will also launch a number of attractive major projects in railways, nuclear power, water conservancy, major scientific and technological infrastructure, etc.

·The third "reinforcement" is to better combine cultivating new momentum with upgrading traditional momentum, and strive to build a modern industrial system. On the one hand, we are accelerating the cultivation of emerging industries and future industries. In the near future, we will establish a national venture capital guidance fund, with the purpose of improving, strengthening and expanding innovative enterprises. On the other hand, transform and upgrade traditional industries. Recently, the State Council Executive Meeting studied policies and measures to resolve the contradictions and measures to resolve key industrial structures. We will introduce specific plans by industry to promote the withdrawal of backward and inefficient production capacity, expand the supply of mid-to-high-end production capacity, and allow the supply side to better adapt to changes in market demand.

·The fourth "reinforcement" is to better combine breakthroughs at points with improvements at the surface, and to deepen reform and opening up. For example, we further deepen the implementation of the guidance of unifying the construction of a large market, promote high-level opening up, further smooth the domestic and international dual circulation, comprehensively and in-depth actions to effectively reduce logistics costs in the whole society, reduce unreasonable costs in all fields and links, and issue the "Private Economy Promotion Law", and at the same time accelerate the resolution of issues that everyone is more concerned about.

The National Development and Reform Commission will work with relevant parties and relevant departments to work together to strengthen comprehensive coordination and comprehensive balance, strengthen policy coordination in finance, currency, industry, investment, employment, consumption, region and other fields, enhance the consistency of macro-policy orientation, improve the combination effect of macro-policy, and strive to complete the development goals and tasks for the whole year.

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